News Release
EnerGulf To Conduct Aeromag Survey On Lotshi Block
VANCOUVER, BC - June 12, 2008 - EnerGulf Resources Inc. (TSX-V:ENG; EKS-Frankfurt)
EnerGulf has entered into an agreement with South Africa based New Resolution Geophysics (NRG) to commence acquisition of a reconnaissance aeromagnetic and gravity survey of EnerGulf?s Lotshi Block, onshore Democratic Republic of Congo (DRC). The survey is designed to identify and map structural trends and leads of the Congo coastal basin at the Lotshi location. The survey is expected to start in four to six weeks subject to obtaining the required permits and local weather conditions. The field portion of the survey will take approximately one week to complete.
The Lotshi Block covers approx 475 sq km in the onshore coastal basin of the western DRC and is contiguous to the highly prospective Cabinda area of Angola. EnerGulf is the operator of the block.
EnerGulf Chairman of the Board and President Jeff Greenblum comments ?We are pleased to commence our exploration program for the Lotshi Block and look forward to advancing this exciting opportunity forward.?
EnerGulf also reports further to our news release dated August 29, 2007 regarding the Longoria project in Texas, that no further exploration will be conducted on the prospect.
EnerGulf Resources Inc. is a publicly traded international oil and gas exploration company focused on maximizing shareholder value by targeting high impact opportunities in the world?s most prospective hydrocarbon regions.
On Behalf of the Board of Directors of ENERGULF RESOURCES INC.
Clive Brookes, Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf's operations as an oil and gas exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements and readers are cautioned not to place undue reliance on these statements.
EnerGulf Resources Inc.
200 - 675 West Hastings Street, Vancouver BC, V6B 1N2
Tel: 604.408.1990 Fax: 604.608.4822
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Energulf Resources Inc
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CODE : ENG.V |
ISIN : CA29266X1050 |
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Energulf is a and oil exploration company based in Canada. Energulf holds various exploration projects in Namibia. Its main asset in production is LOTSHI BLOCK in Congo Dem. Rep. of and its main exploration property is KUNENE in Namibia. Energulf is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.6 millions, € 1.4 millions). Its stock quote reached its highest recent level on September 30, 2005 at CA$ 6.65, and its lowest recent point on July 05, 2017 at CA$ 0.02. Energulf has 99 320 000 shares outstanding. |